9. Monopoly and Competition - a podcast by Murray N. Rothbard
from 2010-02-11T00:00
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The words monopoly and competition have been changed. Competition meant rivalry or competing, either active or potential. Businesses do not like this. Monopoly meant a grant of privilege by the government. It now means a falling demand curve. Government creates crazy regulations and the market works to get around them. Cheaper consumer products are better. It's difficult to sustain quotas - cartel agreements; everybody cheats. Cartels break up in the free market unless government intervenes and props them up.
Part 9 of 14. Presented in 1986 at New York Polytechnic University.
Further episodes of Introduction to Microeconomics
Further podcasts by Murray N. Rothbard
Website of Murray N. Rothbard